Bank of China Limited, New York Branch
Financial Management - Financial Regular Reporting AVP
Bank of China Limited, New York Branch, New York, New York, us, 10261
Introduction:
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.Overview:The incumbent will be joining the Financial Management Department and assisting in the preparation of Bank of China U.S. branches regulatory reports to be filed with the Federal Reserve Bank of New York (FRB), Office of Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC). In addition, this position will also help oversee the compliance of asset maintenance ratios, pledged assets, and capital equivalency deposit requirements, prepare and review regulatory reports and coordinate branch departments, non-branch entities, and Head Office to ensure the accurate and timely submission of related regulatory reports, etc.Responsibilities:Include but are not limited to:Coordinate, prepare, document and file regulatory reportsPrepare, review, analyze and file regulatory documents and reports and liaise with other departments/branches, non-branch entities and Head Office for timely submission of various regulatory reports including FR Y-10, FR Y-7, FR Y-7Q and FR Y-7NCoordinate, compile and review data, reports and other materials as requested for audits/regulatory requestsMaintain relationships with Head Office staff, regulators and auditors and respond to their inquiriesMaintain regulatory policy and procedures for reports preparedKeep abreast of regulatory requirements/changes by attending trainings and seminars and reading the Feds publicationsOversee the compliance of OCC capital equivalency deposits and FDIC asset pledge and asset maintenance requirementsPrepare, review and monitor calculations for asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets requirements on a daily basisMonitor timely distribution of daily asset maintenance report to Treasury and relevant parties and proper documentation of Treasurys daily estimateConduct preparation, review and analysis of the monthly reports of asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets to ensure monthly/quarterly submission of the reports to regulatorsLiaise with Treasury, Global Markets Department, Operation Services Department and Depository Bank to ensure transactions of pledged securities are completed in a timely manner and in accordance with regulatory requirementsRespond to OCC and auditors inquiries concerning the reports preparedMaintain regulatory policy and procedures and recommend improvements for daily reporting processMaintain Regulatory Reporting SoftwareProvide assistance and support to team with the regulatory softwareCoordinate updates to software and perform testing as neededAssist the software consultant with resolution of software mapping and other issuesQualifications:
Bachelors degree is required; MS/MBA in Accounting/Finance preferredA minimum of 5 year of experience in Financial/Regulatory reporting requiredAt least 3 years of Regulatory Reporting (TIC B, FFIEC002, FR Y-7/7Q/7N/10) experience requiredA Solid knowledge in generally accepted accounting principal and regulatory reporting requirements is requiredFamiliarity in Word & Excel (VBA/Pivot Tables), SQL, Database, and Regulatory Software requiredBilingual in English and Mandarin is preferredCPA certification preferred
Pay RangeActual salary is commensurate with candidates relevant years of experience, skillset, education and other qualifications.
:USD $65,000.00 - USD $150,000.00 /Yr.
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.Overview:The incumbent will be joining the Financial Management Department and assisting in the preparation of Bank of China U.S. branches regulatory reports to be filed with the Federal Reserve Bank of New York (FRB), Office of Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC). In addition, this position will also help oversee the compliance of asset maintenance ratios, pledged assets, and capital equivalency deposit requirements, prepare and review regulatory reports and coordinate branch departments, non-branch entities, and Head Office to ensure the accurate and timely submission of related regulatory reports, etc.Responsibilities:Include but are not limited to:Coordinate, prepare, document and file regulatory reportsPrepare, review, analyze and file regulatory documents and reports and liaise with other departments/branches, non-branch entities and Head Office for timely submission of various regulatory reports including FR Y-10, FR Y-7, FR Y-7Q and FR Y-7NCoordinate, compile and review data, reports and other materials as requested for audits/regulatory requestsMaintain relationships with Head Office staff, regulators and auditors and respond to their inquiriesMaintain regulatory policy and procedures for reports preparedKeep abreast of regulatory requirements/changes by attending trainings and seminars and reading the Feds publicationsOversee the compliance of OCC capital equivalency deposits and FDIC asset pledge and asset maintenance requirementsPrepare, review and monitor calculations for asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets requirements on a daily basisMonitor timely distribution of daily asset maintenance report to Treasury and relevant parties and proper documentation of Treasurys daily estimateConduct preparation, review and analysis of the monthly reports of asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets to ensure monthly/quarterly submission of the reports to regulatorsLiaise with Treasury, Global Markets Department, Operation Services Department and Depository Bank to ensure transactions of pledged securities are completed in a timely manner and in accordance with regulatory requirementsRespond to OCC and auditors inquiries concerning the reports preparedMaintain regulatory policy and procedures and recommend improvements for daily reporting processMaintain Regulatory Reporting SoftwareProvide assistance and support to team with the regulatory softwareCoordinate updates to software and perform testing as neededAssist the software consultant with resolution of software mapping and other issuesQualifications:
Bachelors degree is required; MS/MBA in Accounting/Finance preferredA minimum of 5 year of experience in Financial/Regulatory reporting requiredAt least 3 years of Regulatory Reporting (TIC B, FFIEC002, FR Y-7/7Q/7N/10) experience requiredA Solid knowledge in generally accepted accounting principal and regulatory reporting requirements is requiredFamiliarity in Word & Excel (VBA/Pivot Tables), SQL, Database, and Regulatory Software requiredBilingual in English and Mandarin is preferredCPA certification preferred
Pay RangeActual salary is commensurate with candidates relevant years of experience, skillset, education and other qualifications.
:USD $65,000.00 - USD $150,000.00 /Yr.